A daily close below 1.0527 (61.8% fib) would add credence to the falling top formation and open doors for a potential break below 1.045 and drop to 1.0341 (Jan 3 low) levels.
On the higher side, only a move back above 1.0552 would abort bearish view, although turn around would be confirmed only above 1.0642 levels.
On the higher side, only a move back above 1.0552 would abort bearish view, although turn around would be confirmed only above 1.0642 levels.
